Stellantis H1 Adjusted Operating Income Of $15.40B Up From $13.87B YoY; Sales $107.21B Up From $82.40B YoY
Portfolio Pulse from Benzinga Newsdesk
Stellantis (NYSE:STLA) reported a 30.11% increase in sales this quarter, amounting to $107.21 billion, up from $82.40 billion the same period last year. The company's H1 adjusted operating income also increased to $15.40 billion from $13.87 billion YoY. Additionally, the net profit rose by 37% to €10.9 billion compared to H1 2022.
July 26, 2023 | 6:59 am
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Stellantis reported strong Q2 results with significant increases in sales, operating income, and net profit. This could potentially boost investor confidence and positively impact the company's stock price in the short term.
Stellantis' strong Q2 results, including a 30.11% increase in sales and a 37% increase in net profit, indicate a robust financial performance. This could potentially boost investor confidence and lead to an increase in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100